Sirius XM Holdings Inc. (NASDAQ:SIRI)‘s stock had its “outperform” rating reaffirmed by investment analysts at FBR & Co in a research report issued to clients and investors on Sunday, July 30th. They presently have a $6.00 price target on the stock, up from their prior price target of $5.70. FBR & Co’s price target would suggest a potential upside of 9.29% from the company’s current price.
SIRI has been the topic of several other reports. Vetr lowered Sirius XM Holdings from a “buy” rating to a “hold” rating and set a $5.37 target price on the stock. in a research note on Tuesday, April 25th. Macquarie reiterated a “buy” rating and set a $6.00 price objective (up from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Zacks Investment Research upgraded Sirius XM Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Morgan Stanley lowered Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 target price on the stock. in a research note on Wednesday, April 19th. Finally, Piper Jaffray Companies set a $7.00 target price on Sirius XM Holdings and gave the stock a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $5.73.
Sirius XM Holdings (NASDAQ SIRI) traded up 0.18% during midday trading on Friday, hitting $5.49. The stock had a trading volume of 12,530,064 shares. The stock has a market capitalization of $25.33 billion, a PE ratio of 32.29 and a beta of 1.11. The stock’s 50-day moving average is $5.52 and its 200-day moving average is $5.19. Sirius XM Holdings has a 1-year low of $4.05 and a 1-year high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share. On average, equities research analysts anticipate that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock valued at $422,980,000 after buying an additional 79,871,880 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Sirius XM Holdings by 119.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock valued at $188,025,000 after buying an additional 18,694,885 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Sirius XM Holdings during the first quarter valued at approximately $55,871,000. Janus Henderson Group PLC increased its stake in shares of Sirius XM Holdings by 3,767.6% in the second quarter. Janus Henderson Group PLC now owns 9,132,334 shares of the company’s stock valued at $49,953,000 after buying an additional 8,896,209 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Sirius XM Holdings during the first quarter valued at approximately $29,739,000. 22.18% of the stock is owned by institutional investors.
About Sirius XM Holdings
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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